Supreme Court dismisses appeal on machinery depreciation claim; transaction deemed sham.

The Supreme Court dismissed the appeal concerning a claim for depreciation on machinery purchased from Andhra Pradesh State Electricity Board, as the transaction was deemed sham and the machinery was not acquired by the appellant.

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The Supreme Court dismissed the appeal regarding a claim for depreciation on machinery purchased from Andhra Pradesh State Electricity Board, as authorities found the transaction to be sham and the machinery was not purchased by the appellant.

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